ARTORIA: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ARTORIA
Largest movements
- Cash -€192,385
down €192,385 (-69.6%), from €276,369 to €83,984
mainly Receivables after one year (-€153,337) and Receivables within one year (-€81,751)
- Receivables after one year +€153,337
up €153,337 (+64.9%), from €236,213 to €389,550
- Receivables within one year +€81,751
up €81,751 (+49.5%), from €165,214 to €246,965
of which Other amounts receivable: +€77,849
- Reserves +€30,000
up €30,000 (+4.7%), from €638,000 to €668,000
of which Distributable reserves: +€30,000
- Trade debts +€20,053
up €20,053 (+325%), from €6,178 to €26,231
- Gross operating margin -€29,722
down €29,722 (-59.0%), from €50,366 to €20,644
- Financial income +€8,083
up €8,083 (+64.4%), from €12,542 to €20,625
- Taxes -€5,731
down €5,731 (-38.3%), from €14,977 to €9,246
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €688,717 | €735,925 | +€47,208 | +6.9% |
| Fixed assets | 21/28 | €785 | €491 | -€294 | -37.5% |
| Tangible fixed assets | 22/27 | €785 | €491 | -€294 | -37.5% |
| Furniture and vehicles | 24 | €785 | €491 | -€294 | -37.5% |
| Current assets | 29/58 | €687,932 | €735,434 | +€47,502 | +6.9% |
| Amounts receivable after more than one year | 29 | €236,213 | €389,550 | +€153,337 | +64.9% |
| Other amounts receivable | 291 | €236,213 | €389,550 | +€153,337 | +64.9% |
| Amounts receivable within one year | 40/41 | €165,214 | €246,965 | +€81,751 | +49.5% |
| Trade receivables | 40 | €12,222 | €16,124 | +€3,902 | +31.9% |
| Other amounts receivable | 41 | €152,992 | €230,841 | +€77,849 | +50.9% |
| Cash at bank and in hand | 54/58 | €276,369 | €83,984 | -€192,385 | -69.6% |
| Deferred charges and accrued income | 490/1 | €10,136 | €14,934 | +€4,799 | +47.3% |
| Total equity and liabilities | 10/49 | €688,717 | €735,925 | +€47,208 | +6.9% |
| Equity | 10/15 | €656,769 | €687,115 | +€30,346 | +4.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €638,000 | €668,000 | +€30,000 | +4.7% |
| Tax-exempt reserves | 132 | €82,063 | €82,063 | = | 0.0% |
| Distributable reserves | 133 | €555,938 | €585,938 | +€30,000 | +5.4% |
| Profit (loss) carried forward | 14 | €177 | €523 | +€346 | +195% |
| Amounts payable | 17/49 | €31,947 | €48,810 | +€16,862 | +52.8% |
| Amounts payable within one year | 42/48 | €31,252 | €48,002 | +€16,750 | +53.6% |
| Trade debts | 44 | €6,178 | €26,231 | +€20,053 | +325% |
| Suppliers | 440/4 | €6,178 | €26,231 | +€20,053 | +325% |
| Taxes, remuneration and social security | 45 | €14,977 | €8,926 | -€6,051 | -40.4% |
| Taxes | 450/3 | €14,977 | €8,926 | -€6,051 | -40.4% |
| Other amounts payable | 47/48 | €10,097 | €12,845 | +€2,748 | +27.2% |
| Accrued charges and deferred income | 492/3 | €695 | €808 | +€113 | +16.2% |
| Non-recurring operating income | 76A | - | €13,000 | +€13,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €269 | €294 | +€25 | +9.2% |
| Other operating charges | 640/8 | €525 | €547 | +€22 | +4.2% |
| Non-recurring operating charges | 66A | €5,649 | - | -€5,649 | |
| Gross operating margin | 9900 | €50,366 | €20,644 | -€29,722 | -59.0% |
| Operating profit (loss) | 9901 | €43,923 | €19,803 | -€24,120 | -54.9% |
| Financial income | 75/76B | €12,542 | €20,625 | +€8,083 | +64.4% |
| Recurring financial income | 75 | €12,542 | €20,625 | +€8,083 | +64.4% |
| Financial charges | 65/66B | €728 | €836 | +€108 | +14.9% |
| Recurring financial charges | 65 | €728 | €836 | +€108 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €55,737 | €39,592 | -€16,145 | -29.0% |
| Income taxes | 67/77 | €14,977 | €9,246 | -€5,731 | -38.3% |
| Profit (loss) for the period | 9904 | €40,760 | €30,346 | -€10,414 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,760 | €30,346 | -€10,414 | -25.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.